Private or hard money lending is a great way for flippers and fixers who are dealing with short timelines or want to remain competitive with buyers offering cash. However, a private lender can also work for long term investments such as rental property rehabilitation prior to refinancing into a permanent mortgage. Private money loans can […]
We’ve previously mentioned some common myths associated with hard money lending, but there are more to discuss that first-time borrowers may believe. Keep reading to learn more about some of these hard money myths. Do borrowers have less control in regards to their property when they go with a hard money lender? No. If a […]
Conventional financing may be the go-to option, but there are certain situations where choosing private money lending makes more sense. Let’s explore a few of these. Cash needs. Investors that are interested in properties that may be in distress or foreclosure will have a greater bargaining edge if they have the flexibility to make an […]
Previously we took a closer look at bridge loans, another type of option available to those that are “in between” properties. If you’re on the fence about them, let’s explore a few reasons why they may work for your needs. Time is critical when it comes to deals. If a lender is taking its time […]
The simplest way to define a bridge loan is as a short-term loan providing temporary financing until a permanent financing solution can be secured. These types of loans provide quick financing and they allow a prospective property owner to borrow against the equity in an existing property in order to finance the purchase of a […]
One of the most common reasons investors choose hard money loans is time. Hard money loans close significantly faster than a traditional loan, which can take months. A hard money loan, on the other hand, can be approved in a matter of weeks. Savvy investors know that time is of the essence when lucrative real […]
When upgrading a property for maximum return on investment, bathroom remodels are arguably among the safest and most valuable bet, in terms of interior investments anyway. Whether it’s a project you intend to do yourself or whether you’re planning on hiring a professional, there are some points to consider before tackling a bathroom remodel. A […]
Have you been considering a property to possibly fix and flip or put up a front? If so, you probably have a firm grasp of the repair work it will entail. Have you thoroughly evaluated what it would take to fund all of the repairs? Going with a hard money lender is worth exploring, and […]
Depending on your familiarity with real estate, you may have heard the term “free and clear”. If you’re new to the world of investing and real estate, that may not make much sense to you. Free and clear is simply another way of saying that the property is free of any legal attachments that may […]
Hard money loans are aimed at a specific group of buyers and owners. Just like any loan, they may not be the right choice for everyone. However, if it’s a type of loan you’re considering, it’s important not to believe the myths attached to them. For one, hard money loans are not necessarily for people […]